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The won held near 1,391 per dollar after Seoul and Washington finalized a trade agreement that sets a 15% US tariff on South Korean imports and includes a $350 billion Korean investment commitment. The won gained some support, while the dollar strengthened after the Federal Reserve held rates steady.
The finalized 15% tariff reduces uncertainty for Korean exports and steadies the won, which affects the cost of dollar-priced feed imports for Korean buyers. The dollar's rebound after the Fed hold limits how much the won can gain.
fxstreet.comAkhtar FaruquiJul 31, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
